627 S 2nd St - Hospitality FOR SALE


Central City, KY 42330
$3,950,000 USD
219-363-1207
627 S 2nd St, Central City, KY for Sale
$3,950,000 USD
Hospitality - FOR SALE
1/2
null | 12.2% Cap Rate

627 S 2nd St
Central City, KY 42330


HIGHLIGHTS

  • High Average occupancy 67% and ADR $118
  • small property ideal for hands on owner/operator or first time buyer.
  • Built in 2007, no Major PIP, Auto transfer

OVERVIEW

This 37-room, interior-corridor hotel offers a stable investment with strong brand recognition in a market with limited competition. The property features a 2-story design with an elevator, outdoor pool, and fitness center. The offer includes significant real estate value across two parcels totaling 2.24 acres (a 1.49-acre hotel site and a separate 0.75-acre parking lot). Located strategically near the TVA and Wendell H. Ford Regional Training Center, the hotel is well-positioned to capture steady corporate and government demand. Demographically, Central City benefits from a stable industrial base and regular visitation from surrounding counties, creating dependable year-round occupancy. Its position as a commercial center is combined with limited hotel competition in the immediate area strengthens the market position of quality accommodations. This strategic location positions the hotel to capture both business and leisure travelers, including corporate guests, government contractors, utility crews, and families visiting the area. Central City offers a stable and proven hospitality market, making this Best Western investment an attractive and compelling opportunity. HIGHLIGHTS : The business is currently absentee owned. on an owner-operated model, which is the most effective structure for a motel of this size to increase profit under a hands-on owner-operator reduce payroll and operating expenses. High Avg occupancy 67% & ADR $118 Low taxes Excellent property condition Franchise auto transfer No major PIP Built in 2007

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$173 USD /SF

# OF ROOMS

37

PRICE/ROOM

$106,757 {currency}

CAP RATE

12.2%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Central City

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2006

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

41,012 SF

ZONING

CM

APN/PARCEL ID

142-03-01-009.002

ASK ABOUT THIS PROPERTY

Vijay PunianiNationwide Commercial FinancingMore Info
219-363-1207

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Vijay PunianiNationwide Commercial FinancingMore Info
219-363-1207

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.